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Refinance Your Mortgage. Save Big. Stress Less.

Switch to a better home loan with expert, independent advice.

🟢 Save potentially thousands in interest
🟢 Calculate your savings - find out in 60 seconds
🟢 Expert guidance
🟢 Refinance or restructure - we do it all

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Cashback & Repayment Calculator

Enter your current loan details to estimate savings: Loan Amount ($):Interest Rate (% per annum):Loan Term (Years):

Actual savings and cashback depend on lender criteria, approval, and terms. This tool is for illustrative purposes only and does not constitute financial advice.

🟢 Trusted by 1,000s of Kiwis since 2008
🟢 100% independent, lender-agnostic advice
🟢 No fees, no pressure – just honest savings

"Yellow Rooster helped me save over $12,000 on my mortgage. The process was so easy, I wish I’d done it earlier!"

– Sarah M., Auckland

Buying your first home or next property?

Rooster Refinance FAQs

1. What is mortgage refinancing, and is it right for me?+

Refinancing means replacing your existing home loan with a new one—either with your current bank or a new lender—usually to secure better terms, lower interest rates, or access your home equity.

It’s a smart move if you want better lending terms (rates and cashback) from a competing lender, reduced repayments, debt consolidation, or a top-up (e.g. cash for renovations).

2. Will refinancing hurt my credit score?+

Applying triggers a “hard” credit check, which may lower your score slightly—especially if you apply multiple times. Closing your old home loan may also impact credit history. Generally, the effect fades within a year or two.

However, if your credit score is good (700+), lenders in NZ may offer significantly better lending terms.

3. How long does the refinancing process typically take?+

From application to rate lock-in usually takes more or less 10 business days—but this can vary based on lender queues, valuation timelines, and back and forth.

4. What costs are involved in refinancing?+

Expect legal fees, plus possible valuation, and break fees if you're exiting a fixed rate early. These can add up to 2%–6% of your loan amount. Always compare projected savings against these upfront costs before committing.

5. When should I consider refinancing my mortgage?+

Consider refinancing when:

Interest rates have dropped since you last locked in your loan
Your credit score has improved
Your property has gained equity
Your personal circumstances have changed (e.g. income changes, upcoming major expense)

6. Can I consolidate other debt when refinancing?+

Yes—many Kiwi homeowners use refinancing to roll high-interest credit card or personal loan debt into their mortgage, which usually has a much lower interest rate.

But keep in mind: extending the loan term can increase lifetime interest costs.

7. How often can I refinance my mortgage?+

While there’s no strict rule, lenders may apply restrictions—especially if you’ve recently broken a fixed term.

8. Can I still refinance if I have a low credit score?+

Possibly.

9. Is refinancing always worth it?+

Not always. Consider refinancing only if:

Your projected interest savings exceed the costs
You won’t extend your loan term significantly
You're not paying break fees that negate the benefit

10. What’s Rooster’s edge?+

We streamline refinancing—connecting you with trusted NZ lenders, offering free calculators to compare rates, and giving real-time savings estimates or cashback opportunities (often up to 1% of loan value).

Plus, we help you navigate early repayment fees, loan structuring, and negotiate the best deal for your situation.